ADP down while BLS up. Aggregate hours down.

Figure 1: Manufacturing employment from BLS CES (blue, left log scale), from ADP (red, left log scale), in 000’s, s.a., total hours in manufacturing, production and nonsupervisory workers, in logs 2025M01=0 (teal, right scale), s.a. Source: BLS, ADP via FRED, and author’s calculations.